Shares of Macy’s, Inc. (NYSE:M – Get Free Report) have earned a consensus rating of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $13.20.
A number of research firms recently commented on M. Cowen reiterated a “hold” rating on shares of Macy’s in a research report on Friday, March 7th. UBS Group lowered their target price on Macy’s from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Friday, March 7th. Telsey Advisory Group cut their target price on shares of Macy’s from $15.00 to $14.00 and set a “market perform” rating for the company in a report on Thursday, May 29th. Wall Street Zen upgraded shares of Macy’s from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Finally, Barclays started coverage on shares of Macy’s in a research report on Monday, April 28th. They set a “cautious” rating and a $12.00 price objective for the company.
Get Our Latest Stock Report on Macy’s
Insider Buying and Selling
Institutional Investors Weigh In On Macy’s
Several institutional investors have recently bought and sold shares of M. Trifecta Capital Advisors LLC purchased a new stake in shares of Macy’s during the fourth quarter worth about $34,000. Jones Financial Companies Lllp boosted its stake in Macy’s by 82.1% in the 4th quarter. Jones Financial Companies Lllp now owns 2,149 shares of the company’s stock worth $36,000 after purchasing an additional 969 shares in the last quarter. Summit Securities Group LLC boosted its stake in Macy’s by 106.0% in the 1st quarter. Summit Securities Group LLC now owns 2,200 shares of the company’s stock worth $28,000 after purchasing an additional 38,800 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in Macy’s during the 4th quarter worth approximately $38,000. Finally, Headlands Technologies LLC acquired a new position in Macy’s during the 1st quarter valued at approximately $29,000. 87.36% of the stock is currently owned by institutional investors and hedge funds.
Macy’s Stock Down 0.3%
NYSE M opened at $11.46 on Monday. Macy’s has a 52 week low of $9.76 and a 52 week high of $20.47. The company has a quick ratio of 0.17, a current ratio of 1.26 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $3.19 billion, a P/E ratio of 19.42 and a beta of 1.77. The stock’s 50-day moving average price is $11.59 and its 200-day moving average price is $13.96.
Macy’s (NYSE:M – Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.38 billion. Macy’s had a net margin of 0.73% and a return on equity of 21.99%. The company’s revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 earnings per share. On average, equities research analysts predict that Macy’s will post 2.39 earnings per share for the current year.
Macy’s Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a dividend of $0.1824 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date of this dividend is Friday, June 13th. Macy’s’s payout ratio is 37.06%.
About Macy’s
Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.
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